Dáil Éireann Debate, Wednesday - 29 April 2015
54. Deputy Michael McGrath asked the Minister for Finance if he or any of the officials in his Department raised the question of a possible breach of state aid rules arising from a certain transaction involving the Irish Bank Resolution Corporation (details supplied) whereby an asset in the control of a body owned by the State may have been sold at less than market value; the action that was taken; and if he will make a statement on the matter. [16910/15]
View answerNeither I nor officials from my Department were involved in the transaction involving the company referred to in the question.
Following the transaction the Chairman provided direct assurances to me that the transaction had been run by the company in the best possible manner to acheive the best result for IBRC and consequently the State.
In light of the above, neither I nor officials from my Department raised concerns that the transaction involving the sale of the company referred to in the question may have breached state aid rules.
